First Independent Mena Newspaper
The Middle Eastern and North Africa (MENA) countries will invest 755 billion dollars in energy projects in the next five coming years despite the falling oil prices, according to an economic study released on the 4th February 2015. Approximately 42% of these investments of USD 316 billion will be spent in power generation, 31% from […]
The Swiss hotel group Belhotel International plans to set up in Morocco, Egypt, and Tunisia in 2015 as part of an expansion plan in the Middle East & North Africa (MENA), said the group leader. “We want to enter into new markets, including Turkey, Egypt, Tunisia and Morocco in 2015”, said the head of the […]
The Tunisian Parliament has met on the 4th februry for the vote of confidence to the new government and its newly appointed prime minister, Habib Essid, who has announced an inclusive coalition government whose members include representatives of the Islamist Ennahda (69 seats in paliament), party and the winner of legislative, Nidaa Tounès (86 seats). […]
The investment firm Qaala Holding, previously known under the name of Citadel Capital, sold its direct and indirect shareholdings in Pharos Holding for Financial Investments, which amount to 80%, in a deal of 40 million Egyptian pounds ($ 5.3 million). According to the company’s statement, the divestiture is part of its plans to sell non-core […]
The Israeli government is urging entrepreneurs to switch their attention to Asia as a precautionary measure regarding the unfavorable developments in some European markets. Several companies have already followed the strategic decision as the demand for Israeli developed technology continues to rise. Authorities claimed that anti-Semitism is rising in Europe and the pro-Palestinian boycott, divestment […]
Authority Chief Mohab Mameesh has said that the second parallel waterway project of the Suez Canal will be completed in August and gave assurances that the transit toll will be not be increased. The cost of the project is around $8.2billion. The Suez Canal is one of the busiest water corridors in the world and […]
Fighting for the control of the eastern Es Sider and Ras Lanuf oil ports has started again with between the two rival governments and both sides are claiming that they are having the upper hand. The ports are being controlled by militants loyal to the Tobruk government but Tripoli has been trying to force them […]
The fourth quarter result of the operations of the Tunisian national airline, TunisAir was released. According to figures published by the Tunis Stock Exchange, Gross income of the Tunisian airline TunisAir has reached 1.077 billion dinars ($ 656 million) in 2014, against 1.068 billion dinars ($ 552 million) in 2013, an increase of 0.81%. The […]
The Moroccan banking group Attijariwafa Bank plans to transform its subsidiary Dar Assafaa into an Islamic financial institution according to the group’s CEO. Kettani said that the Attijariwafa Bank Group is transforming its subsidiary Dar Assafaa into a full Islamic bank, with its independent identity. In this context, the banking group belonging to the Royal […]
Prime Minister designate Habib Essid seems convinced that the newly formed cabinet will get the vote of confidence from the parliament as he signaled that “we have no more time to lose, we are in a race against the clock.” The Ennahda Islamist party has finally joined the cabinet where it is holding a ministerial […]